Forward Graphic Enterprise Co (ROCO:8906) EBIT: NT$-17.5 Mil (TTM As of Dec. 2025)


ROCO:8906 Forward Graphic Enterprise Co Ltd ROCO:8906
39 GF Score
Price NT$28.55
GF Value NT$25.55
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Forward Graphic Enterprise Co EBIT?

Forward Graphic Enterprise Co ROCO:8906 39 EBIT is NT$-17.5 Mil as of Dec. 2025. GuruFocus rates ROCO:8906 with a GF Score™ of 39/100 and a GF Value™ of NT$25.55 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Forward Graphic Enterprise Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$-5.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-17.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forward Graphic Enterprise Co's annualized ROC % for the quarter that ended in Dec. 2025 was -0.70%. Forward Graphic Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -0.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forward Graphic Enterprise Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -0.51%.


Forward Graphic Enterprise Co  (ROCO:8906) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Forward Graphic Enterprise Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-26.696 * ( 1 - 0% )/( (2738.572 + 4852.779)/ 2 )
=-26.696/3795.6755
=-0.70 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2682.11 - 116.616 - ( 100.533 - max(0, 339.146 - 166.068+100.533))
=2738.572

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2989.502 - 126.191 - ( 138.477 - max(0, 2243.889 - 254.421+138.477))
=4852.779

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Forward Graphic Enterprise Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-22.212/( ( (2299.2 + max(-52.516, 0)) + (2499.936 + max(-12.724, 0)) )/ 2 )
=-22.212/( ( 2299.2 + 2499.936 )/ 2 )
=-22.212/2399.568
=-0.93 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(47.736 + 12.984 + 3.38) - (116.616 + 0 + 0)
=-52.516

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(54.896 + 20.87 + 38.123) - (126.191 + 0 + 0.42200000000048)
=-12.724

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Forward Graphic Enterprise Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-17.452/3455.274
=-0.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Forward Graphic Enterprise Co EBIT Related Terms


Forward Graphic Enterprise Co EBIT Historical Data

* Premium members only.

The historical data trend for Forward Graphic Enterprise Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Forward Graphic Enterprise Co EBIT Chart

Forward Graphic Enterprise Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.32 -0.01 -16.50 4.71 -17.45

Forward Graphic Enterprise Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.77 -7.28 -1.19 -3.43 -5.55

ROCO:8906 vs CTAS, CPRT, ULS: EBIT Comparison

For the Specialty Business Services subindustry, Forward Graphic Enterprise Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forward Graphic Enterprise Co EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Forward Graphic Enterprise Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forward Graphic Enterprise Co's EV-to-EBIT falls into.


ROCO:8906
39GF Score
Forward Graphic Enterprise Co Ltd ROCO:8906
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Forward Graphic Enterprise Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-17.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of NT$-17.5 Mil mean?
Forward Graphic Enterprise Co (ROCO:8906) has a EBIT of NT$-17.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forward Graphic Enterprise Co.
Is Forward Graphic Enterprise Co's EBIT too high?
Forward Graphic Enterprise Co's current EBIT is NT$-17.5 Mil. Overall, Forward Graphic Enterprise Co has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Graphic Enterprise Co's EBIT compare to CTAS and CPRT?
Forward Graphic Enterprise Co's EBIT of NT$-17.5 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forward Graphic Enterprise Co. Forward Graphic Enterprise Co's current EBIT is NT$-17.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Graphic Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Graphic Enterprise Co (ROCO:8906) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$25.55, compared to a current price of NT$28.55 — trading 11.7% above its estimated fair value. The current EBIT is NT$-17.5 Mil. Forward Graphic Enterprise Co's overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Forward Graphic Enterprise Co (ROCO:8906), the current EBIT is NT$-17.5 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Forward Graphic Enterprise Co (ROCO:8906) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Graphic Enterprise Co stock appears to be overvalued. The current stock price of NT$28.55 is trading 11.7% above its estimated GF Value™ of NT$25.55. GuruFocus considers Forward Graphic Enterprise Co to be Modestly Overvalued.

Key valuation signals for ROCO:8906:

  • EBIT: NT$-17.5 Mil
  • GF Value™: NT$25.55 vs. price of NT$28.55 (11.7% above fair value)
  • GF Score™: 39/100 with 7 warning signs

No single metric tells the full story. See the ROCO:8906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Graphic Enterprise Co Business Description

Address No.65 Zhongshan Road, Tucheng District, New Taipei City, TWN
Forward Graphic Enterprise Co Ltd is engaged in manufacturing, processing, and distribution of printing products. Its products include packages, Books, Notebook, a Catalogue, Calendar, DIY Products and ECO-Friendly cultural printings, ultraviolet printings and special printings.
39GF Score

Get the complete analysis for ROCO:8906

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$28.55
Price
NT$25.55
GF Value